Copyright © 2019 by MILES Financial Group 

HISTORY OF ANNUITIES

May 31, 2016

 

Annuities have a surprisingly deep, rich heritage dating back more than 2,000 years and have proven to be one of the oldest, most enduring and historically dependable financial tools ever created. Indexed annuities provided a comfortable middle ground for consumers whereby they could benefit from stock market linked crediting of interest, but without the danger of loss due to future market crashes. Today, annuities continue to play a pivotal role in the global financial picture. American retirees count on them every day to provide safe accumulation and guaranteed income. Annuity sales are projected to surpass $130 Billion in 2016.

 

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